All Tranche C Money can be automatically designated since Tranche An effective Enough time Funds on so that as of such refunding time

(i) The aggregate buck quantity of all of the Tranche A committed Fund a great (plus all the Tranche A loyal Fund to be financed towards recommended day out-of investment of your requested Tranche C Financing);

4(b) Resource away from Tranche C Funds. Upon acknowledgment from the NationsBank, acting in ability as Administrative Representative hereunder, out of a loan And you may/Or Interest Election Request good Tranche C Financing, NationsBank, pretending in ability since the Tranche C Bank hereunder, will advance the amount of brand new Tranche C Financing or Fund expected for the true purpose of funding the business’s operations on the a good consistent basis in place of demanding each and every day fundings about applicable Loan providers.

Susceptible to Section 4(f) lower than, the new Administrative Representative should, abreast of the brand new density away from a conference out-of Standard and you can speed from the newest Obligations, demand a good refunding hereunder of all the Tranche C Financing outstanding since of such big date

4(c) Refunding away from Tranche C Financing from the Lenders. Tranche C Finance are going to be reimbursed from the Loan providers in order to NationsBank through to request regarding NationsBank from Administrative Broker, and that consult is made no more appear to than simply shortly after per Business day and no smaller appear to than just per week (and you may, in any event, for each Wednesday otherwise, or no Wednesday is not a corporate Day, the newest quickly before Business day); considering, yet not, that NationsBank shall not needed to request refundings from Tranche C Fund hereunder in the aggregate levels of less than $5,000,.

4(e) Payment out of Principal. Susceptible to the prepayment requirements off Paragraph 7(f) and you will before refunding pursuant to help you Paragraph cuatro(c) a lot more than, the company should pay the dominant amount of for every Tranche C Loan into the Maturity Time.

4(f) Natural Duty in order to Refund. No matter if for any reason lenders can be banned off refunding the particular ratable percentage of Tranche C Financing just like the Tranche A committed Loans given that offered herein, then in lieu of refunding Tranche C Finance because the Tranche A loyal Financing, through to consult out of NationsBank and you will at the mercy of the latest proviso of the quickly preceding phrase, for each Financial (apart from NationsBank) shall get and take out of NationsBank just one participation interest in all of the Tranche C Loans a fantastic hereunder throughout the level of like Lender’s Connecticut installment loans Payment Share thereof.

5(a) Bid Mortgage Credit limit. The organization will get periodically, to your terminology and you will at the mercy of the requirements set forth here, consult lenders so you can price repaired costs of which they might, physically, expect you’ll money enhances on the Providers hereunder during the a great mentioned money matter as well as for a stated Bid Mortgage Focus Period (“Quote Loans”); considering, yet not, you to in the no event will:

(ii) Maximum Aggregate Credit limit without having the amount of the newest aggregate buck number of Tranche A loyal Funds, Tranche B Finance and you can Tranche C Funds a fantastic, the fresh new L/C Available Count and you can any unrepaid L/C Pictures; and you can

Such refundings would be produced by lenders (and NationsBank) prior to their particular Payment Offers and you can shall, after that, feel mirrored once the Tranche A loyal Fund of your Lenders into the new books and you will facts of Management Representative

(iii) This new Security Value of the fresh new Facility Borrowing from the bank Ft as well as one Supplemental Bucks Equity kept by the Management Agent, without amount of the brand new aggregate buck number of the Tranche A loyal Funds and you will

5(b) Tips to own Request for Quote Loans. If your Business would like to consult the advance off Bid Funds, they should deliver on Management Representative (hence birth tends to be by fax sign) a properly executed Quote Financing Consult on the third Business day before the suggested investment date, and this Bid Financing Request shall indicate: